Asahi Kasei Will Buy Zoll for $2.2 Billion to Expand in U.S. Health Care
By Kanoko Matsuyama and Michelle Fay Cortez
Asahi Kasei Corp. (3407), a Japanese maker of synthetic fibers and industrial chemicals, agreed to buy Zoll Medical Corp. for $2.2 billion to expand in critical-care products for hospitals and grow sales in Asia.
Asahi Kasei will pay $93 a share for Zoll, the Chelmsford, Massachusetts-based maker of devices used in ambulances and hospitals to revive patients whose hearts have stopped, the companies said in a statement today. That’s 24 percent higher than Zoll’s closing price of $75.10 on March 9.
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